ABLC During COVID-19

Field Examinations

Due to the current climate caused by COVID-19, many companies have shifted to a work from home format, as well as lenders suspended travel for their in-house staff.

For lenders who are still looking to have field examinations, Asset Based Lending Consultants (ABLC) has the capability and availability to still service your due diligence needs by completing remote exams. ABLC, through our secured website, can receive all documentation and handle desktop requests right away!

Please do not hesitate to schedule a remote exam today! You can contact us by emailing us at info@ablc.net or scheduling@ablc.net . You can also call our office at 954-962-0099.

C.A.R.E.S Act Assistance

Recently, we at ABLC completed our application for disaster relief and submitted it to the SBA. The process is rather time-consuming and cumbersome but nevertheless helpful for small businesses that will be and are now impacted by COVID-19. There is a maximum loan amount of $2 million at a rate of 3.5% that can be amortized for over 30 years. Although this is considered debt I believe it can provide a low rate working capital for businesses that are strapped because of the attractive rate and amortization period. Those of us who are lenders should be encouraging our clients to take advantage of it. Seeing that we at ABLC have completed the process we can provide some assistance to those who need to apply but lack the sophistication to do so.

Reach out to us at 1-800-861-5711

Email us at: info@ablc.net